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Entries tagged "Lone Star Funds"Lone Star has had a tarnished year so farDallas private equity firm Lone Star Fund has three portfolio companies that succumbed to bankruptcy in 2009. PE woes detailed in new studyMore than half of private equity firm professionals surveyed by ACG said they have written down the value of their portfolio companies in the last quarter. Lone Star considers suing South Korea gov't over Korea Exchange BankLone Star Funds may have finally run out of patience with the long-delayed sale of Korea Exchange Bank. A local Korean newspaper, The Korea Times, is reporting that the US buyout shop is considering suing the South Korean government if it drags its feet on approving the $6.3 billion sale of KEB to HSBC Holding plc past September.... Regulator may force Lone Star to sell shares of Korea Exchange BankMore banking headaches are on the way for Lone Star Funds, as the private equity fund may be forced to sell shares in portfolio company Korea Exchange Bank after missing a deadline to submit regulatory documents. However, luckily for Lone Star, the development is not expected to derail the firm's $6.3 billion deal to sell a controlling stake in the bank to HSBC Holdings plc, according to Reuters. ... Lone Star finds new companion in IKBKreditanstalt für Wiederaufbau is ridding itself of subprime loans on Thursday. The German state bank agreed to sell its subprime-battered IKB Deutsche Industriebank AG to Lone Star Funds, which will also take on the bulk of the lender's assets.... Lone Star's other storyLone Star Funds rode to Merrill Lynch & Co.'s rescue this week, agreeing to pay $6.7 billion for its shaky mortgage securities and garnering attention as one of the few brave buyers in the global credit crunch. In Seoul, meanwhile, Lone Star is mired in a very different story as it soldiers on its three-year attempt to sell Korea Exchange Bank. ... Amid write-downs, Merrill plans share saleThe troubled institution will sell CDOs to Lone Star at a massive discount and issue $8.5 billion of new stock. CIT sells home lending units for $6.2BCIT Group Inc. plans to sell off two home-lending units for a total of $6.2 billion to completely exit residential mortgages and become a pure commercial-lending company. The New York-based finance company said in a statement it will sell its home-lending unit to Dallas-based Lone Star Funds for $5.9 billion, comprising a cash payment of $1.5 billion and the assumption of $4.4 billion in debt. ... HSBC extends deadline for Korea Exchange Bank buyoutHSBC Holdings plc has extended the deadline for its troubled $6.2 billion acquisition of a 51% stake in Korea Exchange Bank from Lone Star Funds from April 30 to July 31.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Lone Star Funds." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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